Isetan Mitsukoshi Holdings (TSE:3099) Debt-to-Equity : 0.24 (As of Dec. 2023)

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What is Isetan Mitsukoshi Holdings Debt-to-Equity?

Isetan Mitsukoshi Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円55,471 Mil. Isetan Mitsukoshi Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円85,800 Mil. Isetan Mitsukoshi Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円583,201 Mil. Isetan Mitsukoshi Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.24.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Isetan Mitsukoshi Holdings's Debt-to-Equity or its related term are showing as below:

TSE:3099' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24 Med: 0.31 Max: 0.43
Current: 0.24

During the past 13 years, the highest Debt-to-Equity Ratio of Isetan Mitsukoshi Holdings was 0.43. The lowest was 0.24. And the median was 0.31.

TSE:3099's Debt-to-Equity is ranked better than
73.05% of 1002 companies
in the Retail - Cyclical industry
Industry Median: 0.63 vs TSE:3099: 0.24

Isetan Mitsukoshi Holdings Debt-to-Equity Historical Data

The historical data trend for Isetan Mitsukoshi Holdings's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Isetan Mitsukoshi Holdings Debt-to-Equity Chart

Isetan Mitsukoshi Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.24

0.32

0.42

0.34

0.30

Isetan Mitsukoshi Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.33	0.30	0.30	0.25	0.24

Competitive Comparison of Isetan Mitsukoshi Holdings's Debt-to-Equity

For the Department Stores subindustry, Isetan Mitsukoshi Holdings's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Isetan Mitsukoshi Holdings's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Isetan Mitsukoshi Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Isetan Mitsukoshi Holdings's Debt-to-Equity falls into.

Isetan Mitsukoshi Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Isetan Mitsukoshi Holdings's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(76568	+	88300)	/	547005
	=	0.30

Isetan Mitsukoshi Holdings's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(55471	+	85800)	/	583201
	=	0.24

Isetan Mitsukoshi Holdings (TSE:3099) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Isetan Mitsukoshi Holdings Debt-to-Equity Related Terms

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Isetan Mitsukoshi Holdings (TSE:3099) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Isetan Mitsukoshi Holdings Ltd (TSE:3099) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

4HP:Germany

Address

5-16-10 Shinjuku, Shinjuku-ku, Tokyo, JPN, 160-0022

Website

https://www.imhds.co.jp

Isetan Mitsukoshi Holdings Ltd. is a Japan-based holding company. It is engaged in the management planning and management of subsidiaries and group companies engaged in the department store and other businesses as well as the handling of all related operations. The company has three flagship Stores, The Isetan Shinjuku Main Store which gives life to art, music, and future entertainment, The Mitsukoshi Nihombashi Main Store creates art and culture that appeal to a new segment of customers, and The Mitsukoshi Ginza Store which has refined itself to serve the needs of a global clientele.

Isetan Mitsukoshi Holdings (TSE:3099) Headlines

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